India's current account deficit is expected to rise to 2.3 percent of GDP in FY27 from 0.9 percent in FY26. This widening deficit could strain foreign exchange reserves. Experts suggest policy changes like increasing fuel prices and operationalizing trade dea…

India has raised import tariffs on gold and silver in an attempt to defend its currency, as the country races to shore up foreign-exchange reserves and limit the damage from the war in the Middle East.
With India’s foreign-exchange reserves at $691 billion, we can breathe easy on the external front for now. Credit the Indian diaspora for some of this. But resident citizens, as Prime Minister Narendra Modi has urged, must do their bit as well.
Defence Minister Rajnath Singh assured citizens that India is prepared for global supply chain disruptions, with ample petroleum products and robust foreign exchange reserves. He urged fuel conservation to ease the nation's financial burden amid high internat…

India will not raise import duties on gold and silver despite concerns over rising import bills and foreign exchange reserves.
Prime Minister Narendra Modi urged Indians to avoid buying gold for the next year, a notable appeal in a country where the metal is deeply tied to savings and tradition. The move is seen as an attempt to ease pressure on India’s foreign exchange reserves, as …